Wealthfront Advisers LLC Has $9.55 Million Stock Position in Interactive Brokers Group, Inc. $IBKR

Wealthfront Advisers LLC increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 13.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,343 shares of the financial services provider’s stock after buying an additional 17,092 shares during the period. Wealthfront Advisers LLC’s holdings in Interactive Brokers Group were worth $9,547,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Reflection Asset Management bought a new stake in Interactive Brokers Group during the fourth quarter valued at about $26,000. IMA Advisory Services Inc. lifted its position in shares of Interactive Brokers Group by 64.3% during the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 178 shares during the last quarter. Tobam bought a new stake in Interactive Brokers Group during the 4th quarter valued at approximately $30,000. Entrust Financial LLC acquired a new stake in Interactive Brokers Group in the 4th quarter valued at approximately $31,000. Finally, SHP Wealth Management acquired a new stake in Interactive Brokers Group in the 4th quarter valued at approximately $31,000. Institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IBKR. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Bank of America raised their price objective on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays boosted their target price on shares of Interactive Brokers Group from $93.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. The Goldman Sachs Group set a $98.00 target price on shares of Interactive Brokers Group in a research note on Friday, May 1st. Finally, Weiss Ratings raised shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $93.89.

Insider Transactions at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the transaction, the director owned 173,482 shares in the company, valued at approximately $13,345,970.26. This represents a 13.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.80% of the stock is owned by company insiders.

Interactive Brokers Group Trading Down 1.8%

Shares of NASDAQ:IBKR opened at $90.53 on Friday. The firm has a market capitalization of $153.57 billion, a PE ratio of 39.02, a PEG ratio of 2.11 and a beta of 1.33. Interactive Brokers Group, Inc. has a 1-year low of $58.95 and a 1-year high of $97.84. The business’s 50 day moving average is $89.43 and its 200-day moving average is $78.48.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.Interactive Brokers Group’s revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 earnings per share. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 2.55 EPS for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were issued a $0.0875 dividend. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.35 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s payout ratio is presently 15.09%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.